Abu Dhabi bought 4% of Citi Group, Citi Group Just bought Wachovia.

[ColbertWatcher]

Back during the writers' strike, members of The Colbert Nation were going through withdrawals.

So, in homage to the "Colbert Platinum" segment on Dr. Colbert's award-winning news program, The Colbert Report, the Truthiness Encyclopedia created a "quasi-blog" to document what the movers and shakers were doing.

We called it "Colbert Aluminum".

It was mostly pictures of obscenely priced items and a space where people were invited to add their own jokes.

No one added jokes, but there was an item that was added about Abu Dhabi buying a $7.5 billion stake in Citi Group. (http://www.wikiality.com/Colbert_Aluminum#Mortgage_Edition)

So, now Citi Group bought Wachovia.

Didn't Dubai buy some portion of our ports or a company that secure our ports?

What else have we sold off to foreign companies?

[lob1]

1. The Dubai buying our ports deal didn't happen when the public found out

about it. Big Stink. BTW, Bill Clinton was paid millions to make that deal happen. At least, that's what I heard.

[ColbertWatcher]

4. When the public heard about it, it went underground ...

... http://en.wikipedia.org/wiki/Dubai_Ports_World_controversy

[dixiegrrrrl]

2. about the ports..

I may be wrong..I seem to remember there was a massive public backlash against it, so it was no-go.

Allow me to add...Dubai is where Cheney will prolly go to live when he leaves his Wash. DC crypt.

[BrklynLiberal]

3. Soon, everything in the world will be owned by one big conglomerate...and its owner

will be king of the world.

[ColbertWatcher]

5. ? China, a Walton or a sheik? n/t

[The2ndWheel]

7. Yeah, Arthur Jensen said it best

http://www.americanrhetoric.com/MovieSpeeches/moviespeechnetwork4.html

You have meddled with the primal forces of nature, Mr. Beale, and I won't have it!! Is that clear?! You think you've merely stopped a business deal. That is not the case. The Arabs have taken billions of dollars out of this country, and now they must put it back! It is ebb and flow, tidal gravity! It is ecological balance!

You are an old man who thinks in terms of nations and peoples. There are no nations. There are no peoples. There are no Russians. There are no Arabs. There are no third worlds. There is no West. There is only one holistic system of systems, one vast and immane, interwoven, interacting, multivariate, multinational dominion of dollars. Petro-dollars, electro-dollars, multi-dollars, reichmarks, rins, rubles, pounds, and shekels.

It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today. That is the atomic and subatomic and galactic structure of things today! And YOU have meddled with the primal forces of nature, and YOU WILL ATONE!

Am I getting through to you, Mr. Beale?

You get up on your little twenty-one inch screen and howl about America and democracy. There is no America. There is no democracy. There is only IBM and ITT and AT&T and DuPont, Dow, Union Carbide, and Exxon. Those are the nations of the world today.

What do you think the Russians talk about in their councils of state -- Karl Marx? They get out their linear programming charts, statistical decision theories, minimax solutions, and compute the price-cost probabilities of their transactions and investments, just like we do.

We no longer live in a world of nations and ideologies, Mr. Beale. The world is a college of corporations, inexorably determined by the immutable bylaws of business. The world is a business, Mr. Beale. It has been since man crawled out of the slime. And our children will live, Mr. Beale, to see that perfect world in which there's no war or famine, oppression or brutality -- one vast and ecumenical holding company, for whom all men will work to serve a common profit, in which all men will hold a share of stock, all necessities provided, all anxieties tranquilized, all boredom amused.

[BrklynLiberal]

8. Absolutely perfect!

:thumbsup:

[stillcool]

6. Wasn't the Prince of Saudi Arabia..

the largest share-holder prior to this investment?

[Hannah Bell]

9. Reports: Mitsubishi UFJ, Morgan eye Japan merger

"The reported move follows a deal announced last month under which Mitsubishi UFJ will buy a 21-percent stake in Morgan Stanley for $9 billion, making Mitsubishi UFJ the American investment bank's top shareholder.

Morgan Stanley, along with Goldman Sachs Group Inc., was one of the two remaining independent Wall Street investment banks until the two recently applied to become commercial banks that take deposits."

http://news.yahoo.com/s/ap/20081003/ap_on_bi_ge/as_japan_mitsubishi_ufj_morgan_stanley;_ylt=An6mn5AKE0WDuQYwbFuL8.ms0NUE



Everyone's going international!

[muriel_volestrangler]

10. No: Wells Fargo to Buy Wachovia in $15.1 Billion Deal

http://dealbook.blogs.nytimes.com/2008/10/03/wells-fargo-to-merge-with-wachovia/?ref=business

[RB TexLa]

11. What else have we sold off to foreign companies?

Didn't Dubai buy some portion of our ports or a company that secure our ports?

LOL :rofl:


They bought a british company that held the contracts and operated the ports. But I guess that foreign "ownership" was fine cause those were "English speaking caucasian foreigners"